PASSION ENGINEERING: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PASSION ENGINEERING
Largest movements
- Tangible fixed assets -€16,972
down €16,972 (-6.2%), from €272,608 to €255,637
of which Land and buildings: -€15,893
- Debts after one year -€23,193
down €23,193 (-13.8%), from €168,665 to €145,472
- Profit (loss) carried forward -€13,247
down €13,247 (-14.2%), from -€93,169 to -€106,416
- Other debts +€12,571
up €12,571 (+7.2%), from €175,763 to €188,334
- Gross operating margin -€5,868
down €5,868 (-26.2%), from €22,411 to €16,543
- Financial charges -€963
down €963 (-9.5%), from €10,192 to €9,228
- Other operating charges -€281
down €281 (-7.3%), from €3,871 to €3,590
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,088 | €274,965 | -€20,123 | -6.8% |
| Fixed assets | 21/28 | €272,608 | €255,637 | -€16,972 | -6.2% |
| Tangible fixed assets | 22/27 | €272,608 | €255,637 | -€16,972 | -6.2% |
| Land and buildings | 22 | €271,312 | €255,419 | -€15,893 | -5.9% |
| Plant, machinery and equipment | 23 | €690 | €74 | -€616 | -89.3% |
| Furniture and vehicles | 24 | €607 | €144 | -€463 | -76.3% |
| Current assets | 29/58 | €22,480 | €19,329 | -€3,151 | -14.0% |
| Stocks and contracts in progress | 3 | €14,805 | €14,805 | = | 0.0% |
| Stocks | 30/36 | €14,805 | €14,805 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,812 | €1,557 | -€1,255 | -44.6% |
| Trade receivables | 40 | €2,812 | €1,557 | -€1,255 | -44.6% |
| Cash at bank and in hand | 54/58 | €4,863 | €2,967 | -€1,896 | -39.0% |
| Total equity and liabilities | 10/49 | €295,088 | €274,965 | -€20,123 | -6.8% |
| Equity | 10/15 | -€74,569 | -€87,816 | -€13,247 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,169 | -€106,416 | -€13,247 | -14.2% |
| Amounts payable | 17/49 | €369,657 | €362,781 | -€6,876 | -1.9% |
| Amounts payable after more than one year | 17 | €168,665 | €145,472 | -€23,193 | -13.8% |
| Financial debts | 170/4 | €168,665 | €145,472 | -€23,193 | -13.8% |
| Amounts payable within one year | 42/48 | €200,992 | €217,309 | +€16,317 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €22,112 | €23,193 | +€1,081 | +4.9% |
| Trade debts | 44 | €1,705 | €3,685 | +€1,981 | +116.2% |
| Suppliers | 440/4 | €1,705 | €3,685 | +€1,981 | +116.2% |
| Taxes, remuneration and social security | 45 | €1,412 | €2,097 | +€685 | +48.5% |
| Taxes | 450/3 | €1,412 | €2,097 | +€685 | +48.5% |
| Other amounts payable | 47/48 | €175,763 | €188,334 | +€12,571 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,146 | €16,972 | -€174 | -1.0% |
| Other operating charges | 640/8 | €3,871 | €3,590 | -€281 | -7.3% |
| Gross operating margin | 9900 | €22,411 | €16,543 | -€5,868 | -26.2% |
| Operating profit (loss) | 9901 | €1,394 | -€4,019 | -€5,413 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.2% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.2% |
| Financial charges | 65/66B | €10,192 | €9,228 | -€963 | -9.5% |
| Recurring financial charges | 65 | €10,192 | €9,228 | -€963 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,791 | -€13,247 | -€4,456 | -50.7% |
| Profit (loss) for the period | 9904 | -€8,791 | -€13,247 | -€4,456 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,791 | -€13,247 | -€4,456 | -50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.